Simon Kirby
Main Page: Simon Kirby (Conservative - Brighton, Kemptown)Department Debates - View all Simon Kirby's debates with the HM Treasury
(15 years, 10 months ago)
Commons Chamber
Simon Kirby (Brighton, Kemptown) (Con)
17. What his policy is on taxation of the bingo industry; and if he will make a statement.
We keep all taxes under review. It would not be appropriate to discuss taxation in relation to bingo before the Budget in a couple of weeks, but we are keen to have a dialogue with the industry.
Simon Kirby
Does the Minister agree that sometimes it is possible to increase revenue by reducing taxes?
I think that my hon. Friend is probably referring to the well-known Laffer curve. I am sure that he is aware, too, that the tax on bingo participation clubs was reduced in the last Budget from 22% to 20%. As I said, I look forward to talking to the industry over the coming months.